Morning Brief – 22-Mar-2019

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Morning Brief Images 22-Mar-2019

UK Stock Market News Today – 22-Mar-2019

Morning all!

Henry Boot (BOOT) – 260p – £346m – PER 9.5

Results For The 12 Months To End December 2018 – Revenue down slightly, PBT down -10% or so, EPS the same. The FY Dividend is up 13%, NAV up 12% (to 227p), Net Debt down from £29m to £18.4m.

I remain uninterested here at present.

KCOM (KCOM) – 70p – £361m – PER 21

Trading Update – FY Trading and Net Debt expectations remain in-line, Final Dividend to be no less than 2p.

On a PER of 20+ with growth forecast to fall in 2019E and again in 2020E I have no interest here – Remains on my Avoid list for now.

As always, all comment most welcome!

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